# Think Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/think-global

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Norway
- Website: www.thinkev.com
- Total disclosed funding: $60M
- Latest round: Series B (Jul 18, 2007)
- Investors on record: 2

## About

ThinkEV is a provider of electric vehicle charging solutions, focusing on home EV chargers and a diverse range of charging stations tailored for consumers transitioning to electric mobility.ThinkEV, headquartered in Norway, specializes in electric vehicle (EV) charging solutions. Founded by Soma Bhattacharya, the company’s strategic direction has remained consistent since its inception. Notably, the company secured funding during the Growth round on February 4, 2011, raising USD 40.00 mn from investors including Ener1 Group and RockPort Capital Partners. ThinkEV has completed 7 deals to date, positioning itself within the evolving EV market.ThinkEV specializes in providing comprehensive solutions for electric vehicle (EV) charging, focusing primarily on home EV chargers. Their core product offerings include a range of charging stations, including both level 1 and level 2 chargers, designed to meet the diverse needs of consumers transitioning to electric vehicles. The company provides detailed resources and guides that assist users in selecting the appropriate charging solution based on their specific requirements, such as power needs and installation preferences, including hardwired versus plug-in options. ThinkEV's customer base includes individual electric vehicle owners, businesses looking to install charging stations, and consumers seeking portable charging solutions. The primary geographical markets for ThinkEV's products encompass the United States, Canada, and parts of Europe, where the adoption of electric vehicles is rapidly increasing.In the most recent fiscal year 2022, ThinkEV reported a revenue of USD 835.3 mn and an EBITDA of USD 107.1 mn. The company generates revenue through direct sales of its EV chargers and associated products, as well as through educational content that facilitates informed purchasing decisions. The transaction structure primarily involves direct-to-consumer sales, with customers purchasing chargers via the company’s website. ThinkEV's product range may include subscription services for ongoing support or maintenance, enhancing the user experience post-purchase. Pricing plans for their products are typically set based on the type of charger selected, which may vary between standard and advanced models, ensuring customers can choose options that best fit their budgets and charging needs. By focusing on both product sales and customer education, ThinkEV aims to build lasting relationships with its clientele, further promoting the adoption of electric vehicles in the marketplace.ThinkEV is committed to expanding its product offerings and geographical reach in the electric vehicle charging market. The company is designing new EV charging solutions aimed at enhancing user convenience, with plans to launch these innovations within the next year. Additionally, ThinkEV is targeting market expansion in Asia and South America by 2025, leveraging recent funding of USD 40.00 mn to support these initiatives. This funding will facilitate product development, market entry strategies, and enhance existing operations, ensuring the company remains competitive in the rapidly growing EV sector.

## Funding rounds

- Series B, Jul 18, 2007, $60M — RockPort Capital Partners, Element Partners

## Investors

- RockPort Capital Partners (https://capitalatlas.ai/funds/rockport-capital-partners) — Series B
- Element Partners (https://capitalatlas.ai/funds/element-partners) — Series B